1226 Shore Road

Office for Sale
Sale Pending
Catylist Listing ID: 29992757
Property Subtypes: Executive Suites, Medical, Office Building, Other
Status: Pending
Building Size (RSF): 4,236 SF
Gross Building Area: See Agent
Gross Land Area: 1.50 Acres
Sale Price: $650,000
Unit Price: $153.45 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2017

Overview / Comments

Relocate to turnkey office space in Cape Elizabeth's Town Center or redevelop with mixed use of business and residential use. The 1.5 acre lot is improved with a 4,236 +/- SF professional office use building, detached 1,379 +/- accessory building and 20 +/- parking spaces.

Sitting on the eastern periphery of the Town Center District possessing a 20’ ROW connecting Shore Road to Cape Elizabeth Town Hall, it is only steps from Ocean House Road. Its strategic location has appeal and support from the 2014 Comprehensive Plan for a mixed-use blend of residential and a litany of potential business uses including medical, private wealth management, CPA, legal, insurance, engineering, real estate, salon, coffee shop and restaurant.

Conceptual plan shows a 5,000 SF footprint building with retail on the first floor and four dwelling (condos or apartments) units on each of the two upper floors yielding eight units. The timing is right to add new dwelling units in Cape Elizabeth's desirable Town Center.

Also listed as land.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $14,307 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: F0977R
Zoning: TOWN CENTER
Property Visibility: Excellent
Total Number of Buildings: 2

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,508 22,697 72,270
Median Age: 46.54 44.77 39.91
Households: 1,832 9,540 33,086

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